EU, Russia and Ukraine to hold gas talks early Sept: official

EU, Russia and Ukraine to hold gas talks early Sept: official

PanARMENIAN.Net - EU, Russia and Ukraine will gather for three-party gas talks in early September, the European Commission vice-president in charge of energy, Gunther Oettinger, said in Minsk Tuesday, Aug 26, according to RIA Novosti.

The EU official said that “everyone” is ready to meet in “the first ten days of September.”

The official said he met with Russian Energy Minister Alexander Novak earlier in the day on the sidelines of the Customs Union-Ukraine-EU meeting in the Belarusian capital to discuss preparations for their Friday meeting in Moscow.

The three-party consultations between Russia, the European Union and Ukraine continued from mid-April to June, but yielded no significant results. Kiev insisted on a sharp reduction in the gas price, refusing otherwise to pay its debt that had reached $4.5 billion at the moment. Russia later offered a discount, which however, failed to satisfy Kiev’s demands. After that the Russian side announced it would continue negotiation only after Kiev cleared its debt. On June 16, Gazprom introduced a prepayment system for gas deliveries to the country.

The European Commission has repeatedly called for the consultations to be resumed.

Earlier in the day, Novak announced the sides agreed to continue the three-party negotiations focused on gas issues.

 Top stories
“A 10% credit portfolio upsurge was registered in the first 7 months of 2014, with the bank planning to bring the figure to $550M,” Sahakyan said.
The revised figures are based on the forecast for the Russian economy to contract by 1.0% in 2014, followed by stagnation in 2015.
“The key powers in the region are unlikely to favor an outbreak of conflict on their southern and eastern flanks,” the report says.
The Commission aims to compensate producers who decide to not harvest some of their goods or give products away for free.
Partner news